Thailand's Richest: Chearavanont​​​​​​​ family still holds the number 1 spot

[webfact]

 

The Chearavanont family still holds the number one spot among Thailand's billionaires with assets worth 1.18 trillion baht, followed by the Chalerm Yoovidhya family with assets worth 1.16 trillion baht.

 

A news report from Forbes Thailand reveals that the ranking of the top 50 Thai billionaires for the year 2023 shows a 15% increase in the combined wealth of the 50 individuals, totaling 1.73 trillion US dollars.

 

However, there are 22 billionaires whose wealth has decreased. The Chearavanont family, belonging to the consumer goods group, still occupies the first rank, reported Daily News.

 

Meanwhile, business magnate Prasert Prasarttong-Osoth has seen the largest decrease in net worth, with a drop of nearly 30% compared to the lowest cutoff criteria for this year's ranking, which is 590 million dollars, down from 655 million dollars in 2022.

 

This means that five billionaires had to say goodbye to the list this year.

 

The top 10 Thai billionaires for the year 2023 are as follows:

 

Rank 1: Chearavanont brothers
Net Worth: 34,000 billion dollars or 1.18 trillion baht

 

Rank 2: Chalerm Yoovidhya and Family
Net Worth: 33,400 billion dollars or 1.16 trillion baht

 

Rank 3: Charoen Sirivadhanabhakdi
Net Worth: 13,600 billion dollars or 4.74 trillion baht

 

Rank 4: Chirathivat Family
Net Worth: 12,400 billion dollars or 4.32 trillion baht

 

Rank 5: Sarath Ratanavadi
Net Worth: 11,300 billion dollars or 3.94 trillion baht

 

Rank 6: Vanich Chaiyawan
Net Worth: 3,900 billion dollars or 1.36 trillion baht

 

Rank 7: Prasert Prasarttong-Osoth
Net Worth: 3,800 billion dollars or 1.32 trillion baht

 

Rank 8: Aiyawatt Srivaddhanaprabha and Family
Net Worth: 3,500 billion dollars or 1.22 trillion baht

 

Rank 9: Somphote Ahunai and Family
Net Worth: 3,000 billion dollars or 1.04 trillion baht

 

Rank 10: Osathanugrah Family
Net Worth: 2,500 billion dollars or 872 billion baht

 

Rank 11: Harald Link    $2.3 billion dollars 

Rank 12 Prayudh Mahagitsiri    $2.2 billion dollars

Rank 13: Thaksin Shinawatra    $2.1 billion dollars

Rank 15: Wichai Thongtang    $2.01 billion dollars  

Rank 14: Supaluck Umpujh family   $2 billion dollars  

 

#news

 

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[FriendlyFarang]

29 minutes ago, webfact said:

Rank 1: Chearavanont brothers
Net Worth: 34,000 billion dollars or 1.18 trillion baht

34,000 billion dollars (34 trillion dollars) would make them the richest persons on earth

[Tropicalevo]

1 hour ago, webfact said:

Rank 2: Chalerm Yoovidhya and Family
Net Worth: 33,400 billion dollars or 1.16 trillion baht

Just tell 'Boss' to come back and face the music.

[mikebell]

2 hours ago, webfact said:

The top 10 Thai billionaires for the year 2023 are as follows:

I wonder how much tax they paid?

[petermik]

2 hours ago, mikebell said:

I wonder how much tax they paid?

As little as possible.......????

[ikke1959]

there is one more who is the richest, but it bothers me that these people probably are against a wage of 600 THB a day...Suppose they will earn 500 million less in a year, they will get bankrupted... Shameful with so many people in the country that hardly can make ends meet

[h90]

14 minutes ago, ikke1959 said:

there is one more who is the richest, but it bothers me that these people probably are against a wage of 600 THB a day...Suppose they will earn 500 million less in a year, they will get bankrupted... Shameful with so many people in the country that hardly can make ends meet

600 baht would mean unemployment and moving to Cambodia, Myanmar, Laos.

If you want higher salaries than you must limit the worker from outside. Create a shortage of labor. That creates a pressure to higher salaries and higher productivity

[BenStark]

4 hours ago, webfact said:

The Chearavanont family still holds the number one spot among Thailand's billionaires

Not so difficult if you look at the prices charged in their businesses.

 

Especially Makro.

 

I notice recently that products with their home brand Aro and Savepak, are now more expensive than the same product from outside sellers, which have come down quite a bit in the past month.

 

Makro's home brand hasn't come down.

[spidermike007]

He is very stingy. The only known philanthropy he has engaged in was a $21 million donation made toward some sort of covid effort. Relative to his net worth, that is something to be ashamed of. 

 

Chearavanont built a close relationship with leadership of Communist Party of China, which allowed his business CP to be the largest foreign lessee of land in China, amounting to 200,00 hectares of land in 2012. So, apparently he is in bed with organ harvesting dictators, too. 

 

Not much of a legacy. 

[Sydebolle]

Honestly, how can anyone legally earn that much money? But maybe it's like the saying goes "if someone earns money without work then someone else is working for less than his worth". 

No wonder the "status quo" on all fronts are of survival importance to the oligarch elite, the dinosaurs and all the crooks in various coloured crisp uniforms. Not my circus, not my monkey but - as a Thai citizen - I would start wondering ........... 

[h90]

15 minutes ago, spidermike007 said:

He is very stingy. The only known philanthropy he has engaged in was a $21 million donation made toward some sort of covid effort. Relative to his net worth, that is something to be ashamed of. 

 

Chearavanont built a close relationship with leadership of Communist Party of China, which allowed his business CP to be the largest foreign lessee of land in China, amounting to 200,00 hectares of land in 2012. So, apparently he is in bed with organ harvesting dictators, too. 

 

Not much of a legacy. 

I am sure he makes huge donations every year.....Most probably to every party in Thailand to get the laws he need

[sammieuk1]

Sits really nicely with the 3-5m in the abject poverty chart to follow when the carpet gets lifted ????

[FriendlyFarang]

1 hour ago, ikke1959 said:

there is one more who is the richest, but it bothers me that these people probably are against a wage of 600 THB a day...Suppose they will earn 500 million less in a year, they will get bankrupted... Shameful with so many people in the country that hardly can make ends meet

Many jobs just exist because labor is cheap. If you force businesses to pay more the non essential jobs will be cut and many people without work.

Ever been to Homepro? There are probably 3 times as many employees as customers. Raise the minimum wage to 600 Baht and half of them will soon be without a job.

[hotchilli]

6 hours ago, webfact said:

The Chearavanont family still holds the number one spot among Thailand's billionaires with assets worth 1.18 trillion baht, followed by the Chalerm Yoovidhya family with assets worth 1.16 trillion baht.

The protected ones.

[BenStark]

There are many rich people in Thailand.

 

Even when I drive through Pattaya, I see so many businesses that have a Lambo or Ferrari parked in front, obviously the owners' car.

 

That are cars that cost 20 million or more, about 3 times of what they cost in the West. Yet, since I was a businessman myself in my home country, I knew about many reputable businesses, yet only a few would own a car like that.

[paddypower]

1 hour ago, BenStark said:

Not so difficult if you look at the prices charged in their businesses.

 

Especially Makro.

 

I notice recently that products with their home brand Aro and Savepak, are now more expensive than the same product from outside sellers, which have come down quite a bit in the past month.

 

Makro's home brand hasn't come down.

as another poster wrote, no donations go to charity; all go to change the laws which are meant to stop monopolies. Tesco take over means one less competitor. Try to buy Thai grown produce (carrots etc - only Chinese imports are sold. DTAC/TRUE  the same. In 10 years, the majority of motor cars will be Chinese made/assembled here {except for the Lambo's, etc ???? }. Whoever said Thailand has never been invaded (in this case by the Chinese) much have a real sense of humour.  

[youreavinalaff]

6 hours ago, FriendlyFarang said:

34,000 billion dollars (34 trillion dollars) would make them the richest persons on earth

Yes, I noticed that. Someone's got their decimal points and commas mixed up.

[youreavinalaff]

2 hours ago, ikke1959 said:

there is one more who is the richest, but it bothers me that these people probably are against a wage of 600 THB a day...Suppose they will earn 500 million less in a year, they will get bankrupted... Shameful with so many people in the country that hardly can make ends meet

It always makes me laugh when people suggest a wage increase because business owners are so rich, especially a 100% increase.

 

Businesses have a business model they work to. If they are forced to increase wages, thus losing profit, they will raise prices to cover the extra payment. 

[ikke1959]

41 minutes ago, youreavinalaff said:

It always makes me laugh when people suggest a wage increase because business owners are so rich, especially a 100% increase.

 

Businesses have a business model they work to. If they are forced to increase wages, thus losing profit, they will raise prices to cover the extra payment. 

It is shameful that the greed of people unlimited

[ikke1959]

1 hour ago, FriendlyFarang said:

Many jobs just exist because labor is cheap. If you force businesses to pay more the non essential jobs will be cut and many people without work.

Ever been to Homepro? There are probably 3 times as many employees as customers. Raise the minimum wage to 600 Baht and half of them will soon be without a job.

Indeed and maybe they will work harder than playing on their phone , give wrong information or have no clue what they are selling or doing

[ikke1959]

3 hours ago, h90 said:

600 baht would mean unemployment and moving to Cambodia, Myanmar, Laos.

If you want higher salaries than you must limit the worker from outside. Create a shortage of labor. That creates a pressure to higher salaries and higher productivity

Exactly.... but most Thais don't like to work.. as I wrote before I am trying to find someone to help me with all kind of easy things in the garden or cleaning the roof, I am willing to pay 100 THB an hour and NOBODY is interested because it is a low wage... weeding in the garden or cutting a branch of a tree it is not difficult or hard work, even young ones can do it, but they want more money... and I am not the only one as many Thai friends have the same problem.. Yes I can maybe hire a Myanmar worker, they are wwilling to work..Thais are lazy and want to earn easy money. Look at Big C, Lotus's HomePro and name it too many people doing nothing and if there are a few fired the other ones complain they have to work, as they are not used to it.... only playing on their phones and talking.. salaries can go up for them who work, all others out better for the company and better to motivate people to work

[youreavinalaff]

9 minutes ago, ikke1959 said:

weeding in the garden or cutting a branch of a tree it is not difficult or hard work,

Do it yourself then.

[h90]

1 hour ago, ikke1959 said:

Exactly.... but most Thais don't like to work.. as I wrote before I am trying to find someone to help me with all kind of easy things in the garden or cleaning the roof, I am willing to pay 100 THB an hour and NOBODY is interested because it is a low wage... weeding in the garden or cutting a branch of a tree it is not difficult or hard work, even young ones can do it, but they want more money... and I am not the only one as many Thai friends have the same problem.. Yes I can maybe hire a Myanmar worker, they are wwilling to work..Thais are lazy and want to earn easy money. Look at Big C, Lotus's HomePro and name it too many people doing nothing and if there are a few fired the other ones complain they have to work, as they are not used to it.... only playing on their phones and talking.. salaries can go up for them who work, all others out better for the company and better to motivate people to work

No your impression is wrong...there are a lot of hard working Thais. Only Thailand has full employment, they have a job and the companies don't let them go if they work good. Our foreman started with 12000 Baht and get now 35000 Baht.

So you see only the lazy ones.

[zzaa09]

3 hours ago, hotchilli said:

The protected ones.

Yes, of course.

Though, I find it much more interesting to note the obvious omitted/missing whenever such a distinguished list comes to our attention. The true [influential] top dog wealth and protected circle will always be conveniently left off of any comparatives of this nature. 

 

I wonder why? ????

[edwinchester]

"34,000 billion dollars"

 

This person knows <deleted> all about what they are typing.

[ikke1959]

3 hours ago, youreavinalaff said:

Do it yourself then.

I do, but I have a big garden and my age is counting too.. when I am finished I should enjoy sitting in the garden, but than I am so very tired I have to go to sleep...and yes I am considering selling my house. but I live very comfortable and don't want to move

[Hunz Kittisak]

Surprised to see Mr T still managed to make the list…..at #13 no less. Not to shabby 

[youreavinalaff]

2 hours ago, Hunz Kittisak said:

Surprised to see Mr T still managed to make the list…..at #13 no less. Not to shabby 

Looking at him, you wouldn't when think he was Thai.

Edited July 8, 2023 by youreavinalaff

[brianthainess]

18 hours ago, youreavinalaff said:

Yes, I noticed that. Someone's got their decimal points and commas mixed up.

Or their +=x/

[MrMojoRisin]

Let see what a few years of a democratic government does to the order and membership of this list.